Vishay Intertechnology, Inc. (NYSE:VSH) to Issue $0.10 Quarterly Dividend

Vishay Intertechnology, Inc. (NYSE:VSH) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Thursday, March 13th will be given a dividend of 0.10 per share by the semiconductor company on Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 2.25%.

Vishay Intertechnology has increased its dividend by an average of 1.3% per year over the last three years. Vishay Intertechnology has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vishay Intertechnology to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.0%.

Vishay Intertechnology Stock Up 2.8 %

NYSE VSH opened at $17.76 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of -73.98 and a beta of 1.12. Vishay Intertechnology has a 12 month low of $14.95 and a 12 month high of $24.68. The stock’s 50 day moving average is $17.10 and its 200 day moving average is $18.13. The company has a current ratio of 2.70, a quick ratio of 1.85 and a debt-to-equity ratio of 0.45.

Insider Activity

In other Vishay Intertechnology news, Chairman Marc Zandman sold 20,359 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $16.71, for a total value of $340,198.89. Following the transaction, the chairman now owns 32,957 shares of the company’s stock, valued at $550,711.47. This represents a 38.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Vishay Intertechnology in a research report on Monday, December 16th. They set a “neutral” rating and a $19.00 target price on the stock. StockNews.com downgraded Vishay Intertechnology from a “hold” rating to a “sell” rating in a research report on Thursday.

About Vishay Intertechnology

Vishay Intertechnology, Inc manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors segments.